Symbols / WKHS
WKHS Chart
About
Workhorse Group, Inc. designs and manufactures electric trucks and related fleet charging solutions. The company provides electric trucks for medium-duty fleet applications, including the Argo electric truck and Argo chassis, which integrate proprietary battery, drivetrain, and cab systems. It offers the Argo LFP battery with control signals, multiple pack configurations, and a range suitable for maximum gross vehicle weight, as well as six-phase motors and drivetrain systems that deliver torque and acceleration comparable to traditional engines. Solutions include real-time control software for power management, over-the-air updates, remote diagnostics, and tuning tools to enhance fleet uptime and performance. The company supplies fleet charging solutions, supports customized body builders with various charge port locations and high-voltage accessories, and incorporates safety and ergonomic features for drivers. Additional services include ongoing support for electrification, remote monitoring, and assistance with vehicle integration and fleet management, serving fleet operators and industries with specialized commercial vehicle requirements. The company was founded in 2009 and is based in Foster City, California.
Fundamentals
Scroll to Statements| Sector | Consumer Cyclical | Industry | Auto Manufacturers | Market Cap | 32.34M |
| Enterprise Value | 128.01M | Income | -56.42M | Sales | 7.90M |
| Book/sh | -7.09 | Cash/sh | 0.28 | Dividend Yield | — |
| Payout | 0.00% | Employees | 107 | IPO | — |
| P/E | 0.05 | Forward P/E | -2.05 | PEG | — |
| P/S | 4.10 | P/B | -0.52 | P/C | — |
| EV/EBITDA | -3.55 | EV/Sales | 16.21 | Quick Ratio | 0.08 |
| Current Ratio | 0.35 | Debt/Eq | — | LT Debt/Eq | — |
| EPS (ttm) | 77.44 | EPS next Y | -1.79 | EPS Growth | — |
| Revenue Growth | — | Earnings | 2026-03-31 | ROA | — |
| ROE | — | ROIC | — | Gross Margin | -84.99% |
| Oper. Margin | -4.20% | Profit Margin | 0.00% | Shs Outstand | 8.80M |
| Shs Float | 3.47M | Short Float | 4.42% | Short Ratio | 2.73 |
| Short Interest | — | 52W High | 88.05 | 52W Low | 3.65 |
| Beta | — | Avg Volume | 281.92K | Volume | 41.94K |
| Target Price | — | Recom | None | Prev Close | $3.89 |
| Price | $3.67 | Change | -5.53% |
Valuation Models
Price estimates from analyst targets and simple models.
1. Analyst consensus
—
Mean price target
2. Current target
$3.68
Latest analyst target
3. DCF / Fair value
$1161.60
Fallback: EPS × 15 (assumed fair P/E). No FCF data; use with …
Ratings
Current target
$3.68
Low
—
High
—
Mean
—
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 2025-08-18 | main | Roth Capital | Neutral → Neutral | $2 |
| 2024-11-20 | main | TD Cowen | Hold → Hold | $1 |
| 2024-08-21 | main | TD Cowen | Hold → Hold | $0 |
| 2024-04-01 | main | DA Davidson | Neutral → Neutral | $1 |
| 2024-03-13 | down | RF Lafferty | Hold → Sell | $0 |
| 2023-11-15 | down | RF Lafferty | Buy → Hold | $1 |
| 2023-11-15 | down | BTIG | Buy → Neutral | — |
| 2023-07-20 | main | B. Riley Securities | Buy → Buy | $3 |
| 2023-05-16 | main | DA Davidson | Neutral → Neutral | $2 |
| 2022-08-10 | down | Roth Capital | Buy → Neutral | $4 |
| 2022-05-16 | main | DA Davidson | Neutral → Neutral | $3 |
| 2022-03-02 | up | Roth Capital | Neutral → Buy | $7 |
| 2022-03-02 | main | DA Davidson | Neutral → Neutral | $5 |
| 2021-09-23 | main | DA Davidson | Neutral → Neutral | $8 |
| 2021-08-11 | init | DA Davidson | — → Neutral | $10 |
| 2021-06-04 | down | Cowen & Co. | Outperform → Market Perform | $13 |
| 2021-04-16 | init | B. Riley Securities | — → Buy | $20 |
| 2021-02-24 | main | Roth Capital | — → Neutral | $15 |
| 2020-12-10 | init | Wolfe Research | — → Peer Perform | $24 |
| 2020-11-16 | init | RF Lafferty | — → Buy | $29 |
- Workhorse (WKHS) Upgraded to Buy: Here's Why - Yahoo Finance ue, 25 Nov 2025 08
- WKHS stock slides 5% ahead of 1-for-12 reverse split - MSN Fri, 05 Dec 2025 18
- Does WKHS stock have upside surprise potential - July 2025 Earnings & Precise Swing Trade Alerts - mfd.ru Sun, 15 Feb 2026 00
- Workhorse (NASDAQ: WKHS) urges vote on Motiv deal ahead of Nov 25, 2025 meeting - Stock Titan ue, 18 Nov 2025 08
- WKHS Stock Slides 5% Ahead Of 1-For-12 Reverse Split - Stocktwits Fri, 05 Dec 2025 08
- Workhorse Group, Inc. Files Proxy Materials and Urges Shareholders to Vote for Merger with Motiv Electric Trucks - Quiver Quantitative Wed, 08 Oct 2025 07
- Workhorse Group (WKHS) Stock on December 8, 2025: 1‑for‑12 Reverse Split, Motiv Merger and What It Means for Investors - TechStock² Mon, 08 Dec 2025 08
- What's Going On With Workhorse Stock Tuesday? - Benzinga ue, 09 Dec 2025 08
- Workhorse stock forecast: What’s next for the beaten-down electric vehicle (EV) stock? - Capital.com ue, 06 May 2025 12
- Workhorse Stock Is Plunging After a Reverse Split. Should You Buy the Dip? - Yahoo Finance ue, 09 Dec 2025 08
- Workhorse Group (NASDAQ: WKHS) Gains Shareholder OK for Motiv Electric Trucks Merger - Stock Titan ue, 25 Nov 2025 08
- $WKHS stock is up 11% today. Here's what we see in our data. - Quiver Quantitative Wed, 16 Jul 2025 07
- What's Going On With Workhorse Shares Monday? - Workhorse Gr (NASDAQ:WKHS) - Benzinga Mon, 08 Dec 2025 08
- Workhorse Advances Secret EV Merger Talks: New 7-Day Exclusive Window Opens for Commercial Vehicle Deal - Stock Titan Mon, 04 Aug 2025 07
- Workhorse Stock Slips As Merger With Motiv Sparks Dilution Concerns - Yahoo Finance Fri, 15 Aug 2025 07
Insider Transactions
| Date | Shares | Value | Url | Text | Insider | Position | Transaction | Start Date | Ownership |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 1894 | 12330.0 | — | Sale at price 6.51 per share. | HENRICKS ALAN S | Director | — | 2025-12-15 00:00:00 | D |
| 1 | 1894 | nan | — | — | HENRICKS ALAN S | Director | — | 2025-12-15 00:00:00 | D |
| 2 | 5051 | 32882.0 | — | Sale at price 6.51 per share. | QUIGLEY WILLIAM G III | Director | — | 2025-12-15 00:00:00 | D |
| 3 | 5051 | nan | — | — | QUIGLEY WILLIAM G III | Director | — | 2025-12-15 00:00:00 | D |
| 4 | 567 | 3691.0 | — | Sale at price 6.51 per share. | GINNAN ROBERT M | Chief Financial Officer | — | 2025-12-15 00:00:00 | D |
| 5 | 567 | nan | — | — | GINNAN ROBERT M | Chief Financial Officer | — | 2025-12-15 00:00:00 | D |
| 6 | 8564 | 55752.0 | — | Sale at price 6.51 per share. | DAUCH RICHARD F | Chief Executive Officer | — | 2025-12-15 00:00:00 | D |
| 7 | 8564 | nan | — | — | DAUCH RICHARD F | Chief Executive Officer | — | 2025-12-15 00:00:00 | D |
| 8 | 5051 | 32882.0 | — | Sale at price 6.51 per share. | DEDO JACQUELINE ADRIENNE | Director | — | 2025-12-15 00:00:00 | D |
| 9 | 5051 | nan | — | — | DEDO JACQUELINE ADRIENNE | Director | — | 2025-12-15 00:00:00 | D |
Financials
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| TaxEffectOfUnusualItems | -6.64K | 0.00 | 0.00 | 73.37K |
| TaxRateForCalcs | 0.00 | 0.00 | 0.00 | 0.05 |
| NormalizedEBITDA | -65.98M | -111.24M | -113.49M | -415.96M |
| TotalUnusualItems | -5.78M | 0.00 | 1.41M | |
| TotalUnusualItemsExcludingGoodwill | -5.78M | 0.00 | 1.41M | |
| NetIncomeFromContinuingOperationNetMinorityInterest | -101.79M | -123.92M | -117.27M | -401.34M |
| ReconciledDepreciation | 7.91M | 4.06M | 1.95M | 1.91M |
| ReconciledCostOfRevenue | 28.84M | 38.35M | 37.67M | 132.49M |
| EBITDA | -71.76M | -111.24M | -113.49M | -414.55M |
| EBIT | -79.67M | -115.30M | -115.44M | -416.45M |
| NetInterestIncome | -22.24M | -8.73M | -1.84M | -6.74M |
| InterestExpense | 22.24M | 8.73M | 1.84M | 6.74M |
| NormalizedIncome | -96.02M | -123.92M | -117.27M | -402.68M |
| NetIncomeFromContinuingAndDiscontinuedOperation | -101.79M | -123.92M | -117.27M | -401.34M |
| TotalExpenses | 80.50M | 118.39M | 134.11M | 184.26M |
| TotalOperatingIncomeAsReported | -73.89M | -105.30M | -129.08M | -185.11M |
| DilutedAverageShares | 164.11K | 69.10K | 52.86K | 42.89K |
| BasicAverageShares | 164.11K | 69.10K | 52.86K | 42.89K |
| DilutedEPS | -620.28 | -1.79K | -2.22K | -9.36K |
| BasicEPS | -620.28 | -1.79K | -2.22K | -9.36K |
| DilutedNIAvailtoComStockholders | -101.79M | -123.92M | -117.27M | -401.34M |
| NetIncomeCommonStockholders | -101.79M | -123.92M | -117.27M | -401.34M |
| OtherunderPreferredStockDividend | 0.00 | |||
| NetIncome | -101.79M | -123.92M | -117.27M | -401.34M |
| NetIncomeIncludingNoncontrollingInterests | -101.79M | -123.92M | -117.27M | -401.34M |
| NetIncomeContinuousOperations | -101.79M | -123.92M | -117.27M | -401.34M |
| TaxProvision | -117.06K | -110.52K | 0.00 | -21.85M |
| PretaxIncome | -101.91M | -124.03M | -117.27M | -423.19M |
| OtherIncomeExpense | -5.78M | -10.00M | 13.65M | -231.34M |
| OtherNonOperatingIncomeExpenses | -10.00M | 13.65M | -232.75M | |
| SpecialIncomeCharges | 0.00 | 1.41M | ||
| OtherSpecialCharges | -1.41M | |||
| GainOnSaleOfSecurity | -5.78M | |||
| NetNonOperatingInterestIncomeExpense | -22.24M | -8.73M | -1.84M | -6.74M |
| InterestExpenseNonOperating | 22.24M | 8.73M | 1.84M | 6.74M |
| OperatingIncome | -73.89M | -105.30M | -129.08M | -185.11M |
| OperatingExpense | 51.66M | 80.04M | 96.43M | 51.77M |
| ResearchAndDevelopment | 9.15M | 24.47M | 23.21M | 11.61M |
| SellingGeneralAndAdministration | 42.51M | 55.57M | 73.22M | 40.16M |
| GrossProfit | -22.23M | -25.26M | -32.65M | -133.34M |
| CostOfRevenue | 28.84M | 38.35M | 37.67M | 132.49M |
| TotalRevenue | 6.62M | 13.09M | 5.02M | -851.92K |
| OperatingRevenue | 6.62M | 13.09M | 5.02M | -851.92K |
| Line Item | 2023-12-31 | |||
|---|---|---|---|---|
| TreasurySharesNumber | 0.00 | |||
| OrdinarySharesNumber | 320.28K | 95.33K | 55.20K | 50.64K |
| ShareIssued | 320.28K | 95.33K | 55.20K | 50.64K |
| NetDebt | 6.37M | |||
| TotalDebt | 16.32M | 29.02M | 10.13M | 26.26M |
| TangibleBookValue | 44.29M | 83.11M | 108.59M | 174.69M |
| InvestedCapital | 54.78M | 103.29M | 108.59M | 199.40M |
| WorkingCapital | 8.20M | 40.54M | 76.05M | 188.67M |
| NetTangibleAssets | 44.29M | 83.11M | 108.59M | 174.69M |
| CapitalLeaseObligations | 5.83M | 8.84M | 10.13M | 1.55M |
| CommonStockEquity | 44.29M | 83.11M | 108.59M | 174.69M |
| TotalCapitalization | 44.29M | 83.11M | 108.59M | 199.40M |
| TotalEquityGrossMinorityInterest | 44.29M | 83.11M | 108.59M | 174.69M |
| StockholdersEquity | 44.29M | 83.11M | 108.59M | 174.69M |
| GainsLossesNotAffectingRetainedEarnings | 0.00 | -1.40M | ||
| OtherEquityAdjustments | -1.40M | |||
| RetainedEarnings | -853.36M | -751.57M | -627.65M | -510.37M |
| AdditionalPaidInCapital | 897.64M | 834.68M | 736.07M | 686.32M |
| CapitalStock | 3.84K | 1.14K | 165.60K | 151.92K |
| CommonStock | 3.84K | 1.14K | 165.60K | 151.92K |
| PreferredStock | 0.00 | 0.00 | 0.00 | |
| TotalLiabilitiesNetMinorityInterest | 49.55M | 58.56M | 74.16M | 53.45M |
| TotalNonCurrentLiabilitiesNetMinorityInterest | 4.32M | 5.28M | 10.85M | 25.90M |
| OtherNonCurrentLiabilities | -1.00 | |||
| NonCurrentDeferredLiabilities | 0.00 | 2.00M | 0.00 | |
| NonCurrentDeferredRevenue | 0.00 | 2.00M | 0.00 | |
| NonCurrentDeferredTaxesLiabilities | 0.00 | |||
| LongTermDebtAndCapitalLeaseObligation | 4.32M | 5.28M | 8.84M | 25.90M |
| LongTermCapitalLeaseObligation | 4.32M | 5.28M | 8.84M | 1.19M |
| LongTermDebt | 24.70M | |||
| CurrentLiabilities | 45.24M | 53.28M | 63.31M | 27.55M |
| OtherCurrentLiabilities | 6.30M | 5.95M | 6.24M | 4.58M |
| CurrentDeferredLiabilities | 6.35M | 4.71M | 3.38M | 0.00 |
| CurrentDeferredRevenue | 6.35M | 4.71M | 3.38M | 0.00 |
| CurrentDebtAndCapitalLeaseObligation | 12.00M | 23.74M | 1.29M | 363.71K |
| CurrentCapitalLeaseObligation | 1.51M | 3.56M | 1.29M | 363.71K |
| CurrentDebt | 10.49M | 20.18M | ||
| OtherCurrentBorrowings | 10.49M | 20.18M | ||
| CurrentNotesPayable | 0.00 | |||
| PensionandOtherPostRetirementBenefitPlansCurrent | 4.51M | 2.08M | 4.97M | 4.03M |
| CurrentProvisions | 1.96M | 1.90M | 2.21M | 4.58M |
| PayablesAndAccruedExpenses | 14.11M | 14.89M | 45.24M | 18.57M |
| CurrentAccruedExpenses | 2.60M | 2.44M | 35.00M | 10.72M |
| InterestPayable | 167.39K | 0.00 | 0.00 | 232.22K |
| Payables | 11.51M | 12.46M | 10.24M | 7.85M |
| AccountsPayable | 11.51M | 12.46M | 10.24M | 7.85M |
| TotalAssets | 93.84M | 141.67M | 182.74M | 228.14M |
| TotalNonCurrentAssets | 40.41M | 47.85M | 43.38M | 11.92M |
| OtherNonCurrentAssets | 176.31K | 176.31K | 176.31K | 2.48M |
| InvestmentsAndAdvances | 0.00 | 10.00M | 0.00 | |
| NetPPE | 40.23M | 47.67M | 33.21M | 9.44M |
| AccumulatedDepreciation | -16.32M | -9.16M | -5.44M | -5.36M |
| GrossPPE | 56.56M | 56.83M | 38.65M | 14.80M |
| ConstructionInProgress | 729.72K | 1.10M | 9.03M | 927.54K |
| OtherProperties | 15.77M | 17.84M | 12.40M | 6.61M |
| MachineryFurnitureEquipment | 25.18M | 23.08M | 8.18M | |
| BuildingsAndImprovements | 12.75M | 12.68M | 8.17M | 6.40M |
| LandAndImprovements | 2.13M | 2.13M | 875.18K | 861.17K |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 |
| CurrentAssets | 53.43M | 93.83M | 139.36M | 216.22M |
| OtherCurrentAssets | 1.32M | 909.00K | 505.40K | 1.96M |
| RestrictedCash | 525.00K | 10.00M | 0.00 | 0.00 |
| PrepaidAssets | 4.55M | 7.19M | 13.65M | 2.40M |
| Inventory | 41.84M | 45.41M | 8.85M | 10.07M |
| InventoriesAdjustmentsAllowances | -11.58M | -8.48M | -59.16M | -77.00M |
| FinishedGoods | 20.59M | 18.31M | 301.64K | 0.00 |
| WorkInProcess | 2.33M | 2.89M | 25.21M | 20.83M |
| RawMaterials | 30.50M | 32.68M | 42.50M | 66.24M |
| Receivables | 1.08M | 4.47M | 17.08M | 149.78K |
| OtherReceivables | 544.44K | 2.14M | 15.00M | |
| AccountsReceivable | 537.54K | 2.33M | 2.08M | 149.78K |
| AllowanceForDoubtfulAccountsReceivable | -309.31K | -190.72K | 0.00 | |
| GrossAccountsReceivable | 846.85K | 2.52M | 2.08M | |
| CashCashEquivalentsAndShortTermInvestments | 4.12M | 25.85M | 99.28M | 201.65M |
| CashAndCashEquivalents | 4.12M | 25.85M | 99.28M | 201.65M |
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| FreeCashFlow | -51.65M | -141.71M | -111.32M | -137.89M |
| RepurchaseOfCapitalStock | 0.00 | 0.00 | ||
| RepaymentOfDebt | -20.83M | -879.44K | -857.52K | 0.00 |
| IssuanceOfDebt | 34.11M | 17.50M | 0.00 | 0.00 |
| IssuanceOfCapitalStock | 7.34M | 62.16M | 12.88M | 0.00 |
| CapitalExpenditure | -4.06M | -18.69M | -17.50M | -5.31M |
| EndCashPosition | 4.64M | 35.85M | 99.28M | 201.65M |
| BeginningCashPosition | 35.85M | 99.28M | 201.65M | 241.23M |
| ChangesInCash | -31.20M | -63.43M | -102.37M | -39.58M |
| FinancingCashFlow | 20.45M | 78.28M | 11.47M | -6.82M |
| CashFlowFromContinuingFinancingActivities | 20.45M | 78.28M | 11.47M | -6.82M |
| NetOtherFinancingCharges | -857.52K | -2.39M | ||
| ProceedsFromStockOptionExercised | -178.59K | -495.38K | -559.64K | -4.43M |
| NetPreferredStockIssuance | 0.00 | 0.00 | ||
| PreferredStockPayments | 0.00 | 0.00 | ||
| NetCommonStockIssuance | 7.34M | 62.16M | 12.88M | 0.00 |
| CommonStockIssuance | 7.34M | 62.16M | 12.88M | 0.00 |
| NetIssuancePaymentsOfDebt | 13.29M | 16.62M | -857.52K | 0.00 |
| NetLongTermDebtIssuance | 13.29M | 16.62M | -857.52K | 0.00 |
| LongTermDebtPayments | -20.83M | -879.44K | -857.52K | 0.00 |
| LongTermDebtIssuance | 34.11M | 17.50M | 0.00 | 0.00 |
| InvestingCashFlow | -4.06M | -18.69M | -20.02M | 99.81M |
| CashFlowFromContinuingInvestingActivities | -4.06M | -18.69M | -20.02M | 99.81M |
| NetInvestmentPurchaseAndSale | -5.00M | 105.13M | ||
| SaleOfInvestment | 0.00 | 105.13M | ||
| PurchaseOfInvestment | -5.00M | 0.00 | ||
| NetBusinessPurchaseAndSale | 0.00 | -5.00M | 0.00 | |
| SaleOfBusiness | 0.00 | |||
| PurchaseOfBusiness | 0.00 | -5.00M | ||
| NetPPEPurchaseAndSale | 0.00 | 2.48M | 0.00 | |
| SaleOfPPE | 0.00 | 2.48M | 0.00 | |
| CapitalExpenditureReported | -4.06M | -18.69M | -17.50M | -5.31M |
| OperatingCashFlow | -47.59M | -123.02M | -93.82M | -132.58M |
| CashFlowFromContinuingOperatingActivities | -47.59M | -123.02M | -93.82M | -132.58M |
| DividendReceivedCFO | 0.00 | 0.00 | ||
| ChangeInWorkingCapital | 5.34M | -43.07M | -12.01M | -53.42M |
| ChangeInOtherWorkingCapital | -180.00K | -1.88M | -816.08K | |
| ChangeInOtherCurrentLiabilities | -1.04M | -305.03K | -2.38M | -207.04K |
| ChangeInOtherCurrentAssets | 0.00 | -84.40K | -91.91K | |
| ChangeInPayablesAndAccruedExpense | 4.70M | -2.23M | 33.68M | 11.83M |
| ChangeInPayable | -2.23M | 33.68M | 11.83M | |
| ChangeInAccountPayable | -2.23M | 33.68M | 11.83M | |
| ChangeInPrepaidAssets | 709.72K | -890.63K | -9.67M | 4.49M |
| ChangeInInventory | -1.33M | -39.29M | -16.63M | -69.61M |
| ChangeInReceivables | 2.30M | -349.51K | -16.93M | 982.39K |
| ChangesInAccountReceivables | 2.30M | -349.51K | -16.93M | 982.39K |
| OtherNonCashItems | 19.74M | 7.68M | 3.96M | 7.43M |
| StockBasedCompensation | 10.06M | 13.42M | 11.46M | 4.94M |
| UnrealizedGainLossOnInvestmentSecurities | 0.00 | 225.43M | ||
| ProvisionandWriteOffofAssets | 5.37M | 8.80M | 17.72M | 98.92M |
| AssetImpairmentCharge | 0.00 | 10.00M | 0.00 | 6.80M |
| DeferredTax | 0.00 | -21.83M | ||
| DeferredIncomeTax | 0.00 | -21.83M | ||
| DepreciationAmortizationDepletion | 7.91M | 4.06M | 1.95M | 1.91M |
| DepreciationAndAmortization | 7.91M | 4.06M | 1.95M | 1.91M |
| Depreciation | 4.06M | 1.95M | 1.91M | |
| OperatingGainsLosses | 5.78M | 379.41K | -1.41M | |
| GainLossOnInvestmentSecurities | 5.78M | |||
| GainLossOnSaleOfPPE | 0.00 | 379.41K | 0.00 | |
| GainLossOnSaleOfBusiness | 0.00 | |||
| NetIncomeFromContinuingOperations | -101.79M | -123.92M | -117.27M | -401.34M |
SEC Filings
Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.
Public Trades for WKHS
| Date | User | Asset | Broker | Type | Position Size | Entry Price | Patterns |
|---|